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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Buick

A Buick SUV May Cost an Extra $8,000 After China Tariffs

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June 16, 2018, 12:56 PM ET

Buick buyers may be in for some sticker shock after President Donald Trump’s tariffs on $50 billion in Chinese imports.

The General Motors Co. brand’s Envision sport utility vehicle, which starts at $31,995, is among the handful of autos imported into the U.S. from China. With the Trump administration planning to impose 25 percent duties on products including motor vehicles, each of the SUVs could be subject to levies of about $8,000.

A GM spokesman confirmed that the Envision will likely be affected by the tariffs and didn’t have immediate comment. The automaker sold 41,040 units in 2018, the Envision’s first full year in the U.S. market. By comparison, Chevrolet delivered seven times more Equinox SUVs.

Read more: Tariffs may end Chinese car imports before they really start

Other cars potentially subject to U.S. tariff include Volvo S60 sedans, which the Chinese-owned Swedish automaker started importing to the U.S. in 2015. A spokeswoman for the company declined to comment.

The U.S. imported only 58,437 passenger vehicles from China last year, a sliver of the 8.27 million shipped to America from the rest of the world, according to the Commerce Department’s International Trade Administration.

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